China and the United States announced a truce in their trade war on Monday after talks in Geneva that will roll back the bulk of tariffs and other countermeasures by Wednesday.

Trump’s escalation sent financial markets tumbling and left U.S. retailers warning that they might run out of goods as U.S.-China trade implodes. U.S. consumers, worried about the prospect of empty shelves and higher prices, are losing confidence in the economy.

GENEVA: The US and China ended high-stakes trade talks on a positive note on Sunday (May 11), with US officials touting a "deal" to reduce the US trade deficit, while Chinese officials said the sides